Access to Capital

Capital serves as the lifeblood for small businesses that enable them to handle basic operations, cover daily expenses, and facilitate expansion.

Small businesses in the District have a variety of options for securing capital. Choosing the right lender depends on factors such as a business’s financial health, the purpose of the loan, and repayment terms that align with the business’s cash flow.

Community Development Financial Institutions

Community Development Financial Institutions (CDFIs) are specialized financial institutions that provide affordable financial services, such as loans and investments, to underserved communities and small businesses.

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Microfinance
Institutions

Microfinance Institutions are financial entities that provide small-scale financial services, including loans and savings accounts, to entrepreneurs and small business owners in low-income or underserved communities.

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Traditional Banks

Traditional banks are financial institutions that offer a range of services such as business loans, checking and savings accounts, and financial advice tailored to the needs of small businesses, often requiring collateral and following established banking procedures.

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Government Programs

The DC government offers various financing programs tailored for small businesses, providing access to loans, grants, and other financial assistance to support their growth and development in the District.

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Explore the directory below for more information on local lenders and government
financing options to make an informed decision for the growth of your business.

Guide to Small Business Financing

Are you a first-time borrower or unsure about which lender is the best fit for your business? The Coalition’s Guide to Small Business Financing is designed to help you make informed decisions and secure the right financing. This comprehensive guide consolidates information about lenders and loan products, offering key tips on how to research, compare, and successfully apply for these essential financial resources.

Access the Guide to Small Business Financing

DCSmallBizHelp Success Stories

Impact stories spotlight the unique journeys of the featured small businesses and the pivotal decisions they made with help along the way.

“Shanklin Hall received a microloan of $30,000 through Hilltop Microfinance Initiative. “It came at perfect timing for us because we were just at the final hurdle.” The funds went toward purchasing audio equipment, acquiring final kitchen equipment, and completing design touches throughout the space.”
– Camille Hall, Co-Founder of Shanklin Hall
“We utilized the DC Small Business Development Center (DC SBDC) at Howard University to help finalize the details of our business plan, and secure funding for part of the restaurant’s construction costs.”
– Kristal Williams, FishScale
“Adams Morgan Partnership BID supported us in becoming ingrained in the neighborhood after opening our store and helped with promotion and marketing.”
– Amanda Preske, Because Science
“Thanks to financing from Wacif, I was able to hire additional staff and bring in the help of a local marketing firm. From there I was able to accelerate the growth of the company.”
– Manny Cosme, CFO Services